The insurer renewed its lease for 62,000 square feet at its Washington, D.C., headquarters, reducing its footprint in the buidling by two-thirds. The company is dually headquartered in D.C. and Baltimore.
“We are in the process of reimagining our real estate strategy to better meet the needs of the business and our workforce. While we have downsized in our current space, CareFirst has no plans to reduce our real estate footprint in the District,” a spokesperson for CareFirst BCBS said in a statement shared with Becker’s.
Several insurers have moved to cut office space in recent years as employees work from home or in hybrid models.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.